Market Movers: Here Are Today’s High-Volume Buzzers!

Amidst weakness in Asian markets, domestic indices started the trading session flat today, while broader indices significantly outperformed the main indices. With 2,341 shares rising on the BSE and 1,034 shares declining, the advance-decline ratio strongly remained in favour of advances. Gains were led by the metals, power, utilities and telecommunications sectors, whereas the FMCG and IT sectors were notable losers.

At 10:40 am, the BSE Sensex added 0.13% reaching a level of 72,879. The Nifty 50 index gained 0.18% to the 22,144 level. On the Sensex, Mahindra & Mahindra, JSW Steel and NTPC Ltd were among the top gainers, whereas Nestle India, Axis Bank and Tata Consultancy Services were among the market draggers.

Some of the noteworthy volume movers are as follows:

• Sundram Fasteners Ltd

Shares of Sundram Fasteners Ltd saw a more than 50-fold increase in trading volume today, but modestly declined to an intraday low of Rs 1,126 per share on the BSE. The company manufactures critical, high-precision components, including fasteners and powertrain components, for sectors such as automotive, infrastructure, windmill, and aviation. The product portfolio also includes transmission shafts, turbine and output shafts, clutch hubs, and various types of pumps.

• Aarti Pharmalabs Ltd

Shares of Aarti Pharmalabs Ltd experienced a surge in buying interest, climbing more than 11% to reach an intraday high of Rs 581.80 per share on the BSE. The company develops active pharmaceutical ingredients (APIs), new chemical entities (NCEs), API intermediates, regulatory starting materials, basic starting materials, and key building blocks for use in clinical testing and commercial production.

• Religare Enterprises Ltd

Shares of Religare Enterprises Ltd, experiencing a sixfold surge in trading volume, traded modestly higher, reaching an intraday high of Rs 220.90 per share on the BSE. The company is a diversified financial services provider with a nationwide presence, offering loans to SMEs, affordable housing finance, health insurance, and retail broking services.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.